Trump, steel and tariffs
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China responded to President Trump on Monday, accusing the US of violating their trade agreement and vowing to protect its interests. “If the US insists on its own way and continues to damage China’s interests,
South Korea's Industry Ministry said on Monday it will actively respond to the looming 50% U.S. tariff on steel products as part of the country's ongoing trade discussions with Washington in order to minimise the impact on industry.
U.S. automakers are underperforming their European and Japanese rivals as a 50% tariff on imported steel and aluminum raises the potential for increased costs to manufacturers at a time when tariffs are already requiring mitigation efforts.
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